Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Covered Call trade opportunity for AKOUSTIS TECHNOLOGIES INC. COMMON STOCK (AKTS) for the 21-Aug-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AKTS was recently trading at $8.59 and has an implied volatility of 78.88% for this period. Based on an analysis of the options available for AKTS expiring on 21-Aug-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $8.59-$10.86 at expiration. In this scenario, the average linear return for the trade would be 14.17%. Big 7.78% Change: After closing the last trading session at $7.97, AKOUSTIS TECHNOLOGIES INC. COMMON STOCK opened today at $8.00 and has reached a high of $8.88. Trade approach: A movement as big as 7.78% is a significantly bullish indicator, so this trade is designed to be profitable if AKTS maintains its current direction and does not revert back to pricing on the bearish side of $8.59 on 21-Aug-2020. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if AKOUSTIS TECHNOLOGIES INC. COMMON STOCK closes at or above $8.29 on 21-Aug-2020. Based on our risk-neutral analysis, there is a 56.05% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.